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North America

Clark, NJ (Global Headquarters)
100 Walnut Avenue, Suite 304
Clark, NJ 07066
Phone: 732-382-6565
Email: info@gep.com

GEP Acquires Enporion

Updates from Enporion

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Supply Chain Solutions News

 

06/2009

Interview with 8-Year Auction Manager Veteran

06/2009

Department of Energy Utility News

06/2009

EEI Q1 2009 Utilities Industry Report

04/2009

Case Study: Squeezing More Out of Technology

03/2009

Survey Results: Enporion Supply Chain and Procurement Community Survey on Priorities for 2009


 

White Paper: Analysis of Successful Supply Chain Organization Models

 


 

Electronic Invoicing Puts Procurement Organizations in the Center of Corporate Savings
Enporion customer PPL Corporation tells of benefits of electronic invoicing

 

02/2009

Enporion Wins 5-Year Supply Chain Solutions Contract
Major Utility Purchases Every Module of Enporion Supply Chain Manager Suite.


 

Can Contract Management Services Help Software Companies with VSOE Challenges?

 


 

A look at Procurement at The Hershey Company for Valentine’s Day

 


 

Recent Headlines Tell of Reverse Auction Benefits and Use

  • "Pfizer's procurement provides 12 tips for reverse auction success" Purchasing.com, Dec. 2008
  • "Go Ahead, Run That Auction. . ." Gartner Blog, Debbie Wilson, Nov. 2008
  • "NPR highlights reverse auctions" E-sourcing Forum, Nov. 2008

These headlines point to a growing demand for online auctions.

What is "full service auctions management" at Enporion?

  • Identify auction item candidates for you
  • Configure event for maximum success
  • Invitation management
  • Locate additional suppliers for you
  • Train suppliers
  • Provide surrogate bidding, back up bidding
  • Provide detailed post-auction reports
  • plus, Investment recovery forward auctions

Email a Solutions Manager to get started with our experienced auction management or call (813) 864-8134.

Watch the archived Recorded Webinar:
Smart Move! Reconsidering Auctions in the Current Economy (Aug. 2008)

 


 

Utility Red Flag Rule Deadline Now May 1st

Guest article by Steve Andrews

The Federal Trade Commission has determined that utility companies are required to comply with FACTA Section 114 because they maintain "Covered Accounts," which are defined as any personal account that involves or is designed to permit multiple payments or transactions such as a credit card account, mortgage loan, automobile loan, margin account, cell phone account, utility account, checking account, or savings account, and any other account for which there is a reasonable, foreseeable risk of identity theft.

The FTC delayed enforcement of the "Red Flag Rule" until May 1, 2009 for state chartered credit unions and those defined as "creditors" to provide time to develop and implement written identity theft prevention programs. Companies that are not compliant with the program on or before May 1st, 2009 will face the possibility of fines, and potentially other exposures.

The Red Flag Rule requires that affected companies have a policy in place that addresses the following seven requirements: a. Policy-Published Red Flag Policy, b. Train-Training delivered to all employees, c. Detect-Steps to Detect attempts at Identity Theft, d. Prevent-Steps to Prevent instances of Identity Theft, e. Mitigate-Defined plan to Mitigate the effects of Identity Theft, f. Oversight-Oversight of Service Providers, g. Ensure-Documented process to Ensure program works over time

For more information on this article and compliance have your Corporate Compliance, Risk, and/or Legal departments contact Steve Andrews at 678.772.4518 or steve.andrews@oscapitalgroup.com with any questions or for assistance in reviewing or developing your company's Red Flag Compliance Program.

01/2009

Case Study:
A Spend Analysis Project That Paid for Itself Immediately

How a large growing construction company, amidst merger and acquisition activity, managed Spend Analysis quickly on multiple IT systems for immediate ROI.

 


 

Top Priority in 2009:
Strategic Cash Flow Management

Utility Company CFO role gets broader, according to Public Utilities Fortnightly magazine

 


 

Enporion to Present at Platts 7th Annual Strategic Supply Chain Management for the Utilities Conference 

Chairman & CEO, George Gordon, will present:  

"Integrated Cash Settlement System at PPL Corporation" @

Platts 7th annual,
"Strategic Supply Chain Management for the Utilities" Conference

12/2008

Financial Execs Expect to Cut Operating Costs by 5% for 2009, According to CFO.com Poll

How will supply chain and procurement successfully contribute to the cuts?

 


 

Case Study:
Global Multibillion Dollar Manufacturer Identifies $20M Savings in Indirect Spend Using Enporion Spend Analysis Services

 


 

Enertech Avoids Expense for EDI Connection by Utilizing Enporion Order Manager

 


 

Recent Case Study:
Innovative Analysis of Inventory and Spend Data by Enporion Allows Two Merging Companies to Optimize MRO Strategy and Realize Merger Synergy Savings.

 

11/2008

 

White Paper:
Contract Life Cycle Management: Now a Critical Competitive Advantage

 


 

Case Study on Fortune 500 Merger:
"Innovative Analysis of Inventory and Payables by Enporion Allows Two Merging Companies to Optimize MRO Strategy and Realize Merger Synergy Savings" -- Forecasted 5X ROI in Year 1

 

10/2008

Spend Analysis White Paper:
Approaches to Spend Analysis and Sourcing with Immediate ROI that No One Told You About, Until Now

 


 

If you missed the Aberdeen Group & Enporion Webinar...

“Supplier Enablement: Converging Procurement and Accounts Payable,”
a whitepaper published in April 2008 by Aberdeen Group and an overview presented on the 16th, you can:
Download the paper, or listen and watch the recorded presentation.

 


 

"Transformer Change-out," Enporion's Article in Public Utilities Fortnightly magazine

 


 

Enporion Customer Council:
Enporion would like to remind you of the upcoming Customer Council Meeting in Florida Nov. 12-13. Please book your rooms at the Sheraton Sand Key Resort and tell them you are part of Enporion's group rate discount, at the number 1-727-595-1611. 

09/2008

Getting the Numbers You Need with Spend Visibility Solutions
and Services

Here is a quote from automobile industry executive vice president of procurement at Chrysler, John Campi, of his plan to cut supply chain costs:

“I've set an arbitrary aggressive target of 25 percent cost out of the supply chain," said Campi.

According to DetNews, Campi plans to do it by improving supplier relationships.  Citing the numbers, Campi says that they’ve identified that 800 suppliers together supply just 5 percent of its parts (from DetNews). Apparently, a supplier reduction is a possibility.

On a similar note, GM’s Bo Andersson, group vice president for global purchasing and supply chain, said that it also is reducing the number of suppliers it uses. It plans to shift a big chunk of its total contracts to larger suppliers.

“GM has cut the number of suppliers it has in North America over the last five years from 2,500 to 1,700 today,” says Bo Andersson. (SupplyChainer.com, Aug. 18, 2008).

But how do they get these crucial numbers to base their decisions on supply chain operations and supplier relationship management? Better yet, how can you get visibility in your supply chain operations, improve supplier relations, and cut costs by rationalizing your supplier base?

Spend analysis is paving the way for procurement managers to analyze spend and see major opportunities.  Enporion provides spend analysis to you using innovative software that has the power to deeply partition out commodities, suppliers, pricing, and other data into quantifiable and actionable information.

For example, there may be a similar situation going on in your company -- too many suppliers to manage. The number of relationships and contracts could be reduced by analyzing the best scenarios and suppliers based on quality, delivery delays, capacity, or other data.

If you’d like to participate in a brief discussion, or have our professional services team analyze a segment of your spend for a “quick win” opportunity for savings, contact us. We will provide a short form to gather a small sample of data for you to get started risk-free, with no upfront costs.

More on Spend Visibility Solutions...

 


 

Contract Lifecycle Management Solution Released!

Most businesses have considerable challenges successfully creating and tracking contractual agreements with customers, suppliers, and business partners.  Aberdeen Group has reported that ineffective contract compliance management costs businesses $153 billion annually.
Enporion has now released a solution to address this very issue. It has been implemented and in beta testing for 1 1/2 years at a large utility company customer. Now it is released for general availability and ready for other customers.

More on Contract Manager...

 


 

Joining an Existing Sourcing Agreement Provided 18% Average Savings

 


 

Enporion Helping Customers Save with Spend Analysis Professional Services Projects

Recent Engagements: Enporion was recently selected by a large global manufacturing company and two U.S. utility companies to:

  • Classify indirect spend and improving spend visibility
  • Analyze global, multi-US location spend for each category/commodity
  • Assist in the centralization effort to consolidate all of indirect spend
  • Classify direct and indirect spend
  • Create a unit price detail report for frequently bid jobs
  • Demonstrate how to leverage spend across multiple loosely connected businesses
  • Help achieve M&A related savings

 


 

Aberdeen Group & Enporion Webinar

“Supplier Enablement: Converging Procurement and Accounts Payable,” a whitepaper published in April 2008 by Aberdeen Group.

Download the paper

08/2008

Enporion Named Among Top Innovators by Supply & Demand Chain Executive 100

Recognized for third consecutive year, Enporion chosen for being innovator in end-to-end e-procurement.

 


 

Enporion & Aberdeen Group

Webinar 9/16:

"Supplier Enablement: Converging Procurement and Accounts Payable"

 


 

Enporion Customer Council

Biannual Council Met on End-to-End e-Procurement Solutions

 


 

Survey Results: Auctions
From the survey in June, the notable results were:

Respondents are due to source these commodities in the next 3 months:

  • Automobiles/Trucks 
  • Computing/Laptops/IT
  • Forklifts / lift maintenance
  • Office Supplies
  • Printing

Respondents are looking to dispose of the following scrap material in the next 3 months:

  • Aluminum
  • Copper
  • Steel
  • Baled Aluminun
  • Lead Acid Batteries
  • Mixed Brass/Bronze Turnings

 


 

Customers Reap Exceptional Results in Forward Auctions 

A large power company has consistently run forward auctions with Enporion for years with successful gains in profit. Primarily, they use forward auctions for scrap metal disposal. In the first half of 2008, forward auctions had an average of 100+ bids, and yielded gains to the seller of 58-105% over the starting bid. Similarly, 2007 results garnered 47-63% gains over the starting bid. 2008 YTD forward auctions results have demonstrated an average increase of 14 % over 2007 for the same scrap materials.

 


 

Responding Suppliers Benefit Most   

According to a survey from Huthwaite International, upon surveying 39 Fortune 500 global companies, participating in auctions is the best way for suppliers to win, especially for the incumbent. Andy Moorehouse reports in “Playing the Game: Effective Strategies for Combating Reverse Auctions” there are effective strategies suppliers can apply. The average reverse auction is valued at $2.2M (Source: Center for Advanced Purchasing Solutions, 2007), and not participating can be costly to a supplier’s business. A key finding from the report is that “93% of successful incumbents won the contract without being the cheapest and the median final rank was third.”

 


 

USA Today Survey of the Economy
Fewer economists think we're headed for recession.

A USA Today survey of 54 economists revealed fewer thought our country to be headed into recession than when asked in April. Currently, 51% believe we are in a recession now, and 81% said that the U.S. will not be in a recession in the next 12 months.

 


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